Opinion: This Artificial Intelligence (AI) Stock Is Recession Proof
The increased investor interest in all things related to artificial intelligence (AI) helped drive massive returns for several associated stocks and contributed greatly to the performance of the current bull market. The investment spark that AI advancement set off also likely contributed to an improvement in the overall economy.
The U.S. economy is showing signs of strength as well as some signs of weakness these days, leading some to wonder if a recession is possible. If a recession does come, plenty of stocks are likely to take a hit, including the tech sector and the AI stocks that are currently dominating the sector. Economic downturns tend to send investors scrambling to find recession-proof stocks they can hold as they wait for better times. Investors interested in AI stocks will have a difficult task finding recession-proof options. And yet, they do exist.
The secret is finding recession-proof businesses that benefit from steady activity levels even during recessions. One such business worth considering is Palantir Technologies (NYSE: PLTR).
Source Fool.com
